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Technology Stocks : Semi Equipment Analysis

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To: Donald Wennerstrom who wrote (15257)	5/19/2004 12:54:29 PM
From: Donald Wennerstrom	Read Replies (1) of 95622

A news item from Dow Jones. <<09:41 ET DJ Applied Materials CEO Sees Chip Sector Recovery Continuing 19 May 09:41 NEW YORK (Dow Jones)--The recovery in semiconductor manufacturing that helped Applied Materials Inc. (AMAT) post its biggest quarterly profit in three years will continue, according to the company's President and Chief Executive Michael Splinter. Speaking on CNBC Wednesday, Splinter said the company's growth will be driven by expanding market share among existing products, acceptance of new products and "great growth" at the company's service business. On Tuesday, Applied Materials said it swung to a fiscal second-quarter profit of $373 million, or 22 cents a share, as revenue rose 82% from the previous year. The company makes products for semiconductor makers. The recovery in demand for Applied Materials products is "broad based" both geographically and in the range of products demanded, Splinter said. -By Mohammed Hadi; Dow Jones Newswires; 201-938-2007 (END) Dow Jones Newswires 05-19-04 0941ET

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